EddieJayonCrypto

 31 Dec 24

tl;dr

MoonPay has been approved to operate in the EU under the Markets in Crypto-Assets (MiCA) regulation. The approval from the Netherlands’ Authority for the Financial Markets allows MoonPay to offer services across the European Economic Area. CEO Ivan Soto-Wright sees this as a milestone for the crypto...

MoonPay has received approval to operate in the EU under MiCA regulation, marking a significant step in bridging traditional finance with the crypto ecosystem. The endorsement from the Netherlands’ AFM enables MoonPay to offer services across the European Economic Area, heightening crypto’s role in the global economy. The MiCA framework prioritizes consumer protection, transparency, and market integrity, providing a unified regulatory environment for digital assets and enabling MoonPay to expand its European footprint.

MoonPay plans to explore innovative payment solutions and digital asset applications while ensuring compliance with evolving standards, leveraging regulatory clarity for expansion. The potential acquisition of Helio Pay for approximately $150 million would further solidify MoonPay's market leadership, enabling seamless fiat-to-crypto and crypto-to-fiat transactions across 180 countries.

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